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2008 12 12, Huang Ming Solar Energy Group and Goldman Sachs Group and CDH Investment Fund announced strategic cooperation, the two institutional investors a one-time injection of the first Emperor Ming 100 million U.S. dollars, and will actively promote the imperial Ming listed.
In the field of solar energy long-distance running 10 years, Wong Ming finally joined forces with the capital.
Years of waiting The most imagination as a new energy, solar energy industry there is no lack of capital concern. As of the end of 2007, China had 10 successful solar companies listing overseas, with a total market capitalization reached 25 billion U.S. dollars. But the 10 listed companies, without exception, are solar photovoltaic company, while the solar thermal business in the capital of the road is quiet as the night.
Banner as the solar energy industry, solar thermal business leader, Emperor Ming own listing plan has been delayed again and again, its cool incomprehensible. Contact with CDH 9 years, with Goldman Sachs demonstrate their 5 years later, on Jan. 9, 2008, Emperor Ming signed a strategic cooperation between the two only with the intention, but also after nearly a year before the final hand at the end of 2008.
Back in 1998, CDH on looked Wong Ming. “But when Emperor Ming is still small, we feel that is not the time.”
For Emperor Ming, in the whole field of solar light and heat has not yet formed a mature business model, does not have the bargaining power of capital; for investors, “Sun Valley” This requires huge amounts of money for generous indeed difficult to be decided immediately . So, do not want to be around the capital of Emperor Ming withstand the temptations of wealth, to continue to explore and experiment; unwilling to give up watching the investor side, etc., before the line gradually accompany it.
Ten years later, Wong Ming self-confidence has been found in the right direction. Now, Huang Ming, Texas has been completed in Shandong Province, called “Sun Valley” project, five major bases, including the manufacturing base, R & D test center, science education center, conference center and tourism exchange center, forming a research and development, production and marketing as one whole. Completion of the five bases, and produce some benefits, investors have gradually recognized the concept of the Ming Emperor.
Winter marriage Wong Ming seems no urgency to find the reasons listed.
The past 10 years, Wong Ming not only pioneered the development of a mature solar water heater and vacuum tube products, but also in the multi-lobbying, successfully developed China’s solar water heater and vacuum tube standards, points to the industry’s most high-end.
Chances of the market, the greater the challenge.
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